Urban Institute, Dec. 11, 2020–Jung Hyun Choi, Daniel PangLeading housing experts identify three priorities for policymakers, mortgage servicers and financial institutions to help struggling homeowners.https://www.urban.org/urban-wire/three-ways-help-32-million-struggling-homeowners
Category: Top National News
CMBS 3Q Delinquency Rates Decline from Record-High Level
National Mortgage News, Dec. 11, 2020–Brad Finkelstein (subscription)But late payments for all other investor types rose compared with the second quarter.m record-high level. Commercial mortgage-backed securities lenders were the only …
U.S. Renters Could Owe $70 Billion
Bloomberg, Dec. 10, 2020–Kriston CappsBetween past due rent, late fees and unpaid utility bills, Americans may collectively owe $70 billion by January, when the current federal eviction moratorium is set …
Protesters Erect Barricades in Portland to Save a Black Family’s House
New York Times, Dec. 10. 2020–Kirk JohnsonThe family lost its home of 60 years to foreclosure after taking out mortgages to pay legal fees. Some advocates say gentrification and skyrocketing …
Biden Win Gives Maxine Waters a Power Boost
American Banker, Dec. 10, 2020–Neil Haggerty (subscription)The head of the House Financial Services Committee is already exerting influence by handing the president-elect a laundry list of Trump regulatory policies that …
U.S. Household Net Worth Hits Record in Third Quarter
Wall Street Journal, Dec. 10, 2020–Paul Kiernan (subscription)The net worth of U.S. households rose to a record in the third quarter as the value of stock portfolios and real estate …
More Borrowers Fell Behind on Commercial Mortgages in November
Bloomberg, Dec. 10, 2020–John GittelsohnThere was an increase in borrowers who fell behind on commercial mortgage payments in November.The delinquency rate on all commercial mortgages climbed to 5.7% in November …
Supreme Court Hears Arguments on FHFA Structure
HousingWire, Dec. 10, 2020–James KleimannThe Supreme Court heard arguments Wednesday over whether it should find the structure of the Federal Housing Finance Agency unconstitutional and void an agreement it struck …
A Biden CFPB Could Put Pressure on Mortgage Servicers
American Banker, Dec. 8, 2020–Kate Berry (subscription)Mortgage servicing could face increased scrutiny early next year as the incoming Biden administration and some states are expected to take a harder line …
What Does the Adverse Market Fee Mean for the Housing Industry?
Builder, Dec. 9, 2020–Nicollette Chapman“The [Mortgage Bankers Association] has been a great advocate for our members and our industry to ensure there’s ongoing collaboration with the FHFA and the GSEs …